Formation Fluid Management Inc.: Testing Now Complete of First Commerial Mobile Industrial Wastewater Treatment Unit (CMU)
September 12 2011 - 1:21PM
Marketwired
Formation Fluid Management Inc. (TSX VENTURE: FFM) (the "Company")
is excited to announce the completion of construction and testing
of its first Commercial Mobile Industrial Wastewater Treatment Unit
(CMU) and expects to commence field testing with a major oil and
gas company shortly.
The CMU is capable of processing flow back and produced waters
at 60 cubic meters per hour and is expected to deliver the
industry's first low-cost treatment process that can be ramped up
and down to meet different oil, gas and industrial wastewater
treatment demands. The main treatment unit and the associated
filtration unit have both been successfully tested and both units
are fully functional and ready for their first significant
project.
FFM is also pleased to inform the shareholders that negotiations
the past few weeks for its first major contract are ongoing. Once
the first unit is under contract and generating revenue FFM intends
to start the construction of additional units as soon as
possible.
Formation Fluid President and CEO, Al Radford, stated, "We are
excited to have achieved this Company milestone of completing
construction of our first CMU and are encouraged by the initial
testing of the technology. We anticipate field testing to commence
shortly and are currently in negotiations with a potential major
contract."
About Formation Fluid Corp.
Formation Fluid Technology (Formation Fluids) is the developer
and operator of waste water treatment plants that uses a
proprietary process to clean waste water. The system is mobile and
can be scaled to process any required volume. This system treats
water to meet or exceed CCME Guidelines (Canadian Environmental
Quality Guidelines), resulting in reusable water that can be used
for: Boilers, Frac Water, Water Floods, and Drilling Operations.
Servicing a significantly underdeveloped segment within the oil and
gas industry, the waste water treatment system can cost effectively
deal with produced water issues while satisfying the need to reuse
and recycle an increasing valuable resource. For more information,
please visit: www.formationfluid.com.
On behalf of the Board of Directors
Al Radford, President & CEO
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Formation Fluid Management Inc. Investor Relations
Toll Free: 1-888-818-1365 info@fftinc.ca www.formationfluid.com
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